10 Dec 2004
KAIS BIN TARIK AL SAID v. CANAMERICAN HOLDINGS LTD AND OTHERS
- Citation
- KAIS BIN TARIK AL SAID v. CANAMERICAN HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2767/2004
The interlocutory injunction was refused because, although there were arguable triable issues, the balance of convenience favoured the respondents: the Company faced reasonably imminent and potentially grave financial obligations under put agreements and required funds; the petitioner had received adjusted dividend proceeds and chose not to use them to subscribe; any loss from further dilution could be compensated in the substantive petition and there was no basis to impair the Company's ability to meet liabilities by granting the injunction.